Posted by Libergirl
WASHINGTON — U.S. employers added far fewer than expected workers in September, suggesting a loss of momentum in the economy that supported the Federal Reserve’s decision to maintain its monthly bond purchases.
[np_storybar title=”No proof of job crisis in Canada, TD analysis shows” link=”http://business.financialpost.com/2013/10/21/no-proof-of-job-crisis-in-canada-td-says/”]Despite recent roller-coaster employment reports, TD fails to find ‘smoking gun’ of imminent crisis in Canada’s job crisis. Read more
Nonfarm payrolls increased 148,000 last month, the Labor Department said on Tuesday. While the job count for August was revised to show more positions created than previously reported, employment gains in July were the weakest since June 2012.
But there was some silver lining in the report, with the unemployment rate dropping a tenth of a percentage point to 7.2%, the lowest level since November 2008.
The jobless rate is derived from a separate survey of households, which showed an increase in employment last…
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